DEUTSCHE LUFTHANSA AG

(LHA)
  Report
Real-time Estimate Tradegate  -  03:05 2022-06-30 am EDT
5.637 EUR   -3.03%
06/29Union calls for strike at Hamburg airport, adding to sector woes
RE
06/29Fraport Warns of Flight Disruptions in Europe Amid Technical Issues At German Air Traffic Control
MT
06/28Lufthansa's Swiss Unit To Cancel 2% Of Flights From August To October Amid Staff Shortage
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Star Alliance to introduce co-branded credit card, non-air partner

05/12/2022 | 03:55am EDT
A Lufthansa Airbus A320 aircraft takes off in Colomiers near Toulouse, France

SYDNEY (Reuters) - Star Alliance, one of the world's three major airline groups, will soon announce an alliance co-branded credit card and introduce a European non-air transport partner in industry-first moves, its chief executive said on Thursday.

The alliance, which includes United Airlines, Lufthansa and Singapore Airlines among its 26 member carriers, will launch the credit card in a single market that will be named at a later date, CEO Jeffrey Goh told reporters.

"You will spend on your credit card and collect points. Those points are convertible to miles on the frequent flyer programme of your choice," he said of the plan. "If we are successful we will be rolling it out to the next market in the course of the year."

Star Alliance will also soon offer joint procurement of sustainable aviation fuel (SAF) at one of its major hubs, he added.

Rival alliance oneworld has already announced joint buying of SAF for its members as airlines work to lower their carbon emissions to meet a target of "net zero" by 2050.

"Many airlines are chasing whatever (SAF) volumes are available," Goh said. "We are still taking small steps and identifying locations where the opportunity is greatest."

(Reporting by Jamie Freed; Editing by Edmund Klamann)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE LUFTHANSA AG -3.68% 5.813 Delayed Quote.-5.94%
MSCI SINGAPORE (GDTR) -0.71% 5352.3 Real-time Quote.-13.66%
SINGAPORE AIRLINES LIMITED -0.39% 5.11 Delayed Quote.2.81%
UNITED AIRLINES HOLDINGS, INC. -3.49% 35.68 Delayed Quote.-18.50%
All news about DEUTSCHE LUFTHANSA AG
06/29Union calls for strike at Hamburg airport, adding to sector woes
RE
06/29Fraport Warns of Flight Disruptions in Europe Amid Technical Issues At German Air Traff..
MT
06/28Lufthansa's Swiss Unit To Cancel 2% Of Flights From August To October Amid Staff Shorta..
MT
06/28Lufthansa's Swiss unit to cut 2% of flights between August and October
RE
06/28Factbox-Europe's summer travel chaos
RE
06/28LUFTHANSA AG : Receives a Sell rating from Bank of America
MD
06/28Lufthansa CEO apologises for summer travel chaos
RE
06/28Lufthansa Says Flight Disruptions Unlikely to Improve Soon in Apology Letter to Custome..
MT
06/27Lufthansa to Reactivate Airbus A380 Fleet for Summer 2023 Flights
MT
06/27Lufthansa to Resume Airbus A380 Flights Next Year Amid High Demand
DJ
More news
Analyst Recommendations on DEUTSCHE LUFTHANSA AG
More recommendations
Financials
Sales 2022 29 131 M 30 500 M 30 500 M
Net income 2022 281 M 294 M 294 M
Net Debt 2022 10 278 M 10 761 M 10 761 M
P/E ratio 2022 84,4x
Yield 2022 -
Capitalization 6 949 M 7 276 M 7 276 M
EV / Sales 2022 0,59x
EV / Sales 2023 0,49x
Nbr of Employees 104 034
Free-Float 74,3%
Chart DEUTSCHE LUFTHANSA AG
Duration : Period :
Deutsche Lufthansa AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEUTSCHE LUFTHANSA AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Last Close Price 5,81 €
Average target price 7,10 €
Spread / Average Target 22,2%
EPS Revisions
Managers and Directors
Carsten Spohr Member-Management Board
Remco J. Steenbergen Chief Financial Officer
Karl-Ludwig Kley Head-Finance Division
Roland Schütze Chief Information Officer
Ola Hansson Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
DEUTSCHE LUFTHANSA AG-5.94%7 276
SINGAPORE AIRLINES LIMITED4.01%24 117
AIR CHINA LIMITED24.63%20 725
DELTA AIR LINES, INC.-22.39%19 443
CHINA SOUTHERN AIRLINES COMPANY LIMITED-2.14%16 358
RYANAIR HOLDINGS PLC-22.49%14 116